Gowa Makassar Tourism Develop
PT Gowa Makassar Tourism Development Tbk engages in the real estate and property development businesses in Indonesia. The company develops residential, commercial and tourism areas, including housing, land lots, and recreational facilities; and engages in construction activities. It also provides land lots to investors for private development of residential and commercial; full municipality servi… Read more
Gowa Makassar Tourism Develop (GMTD) - Net Assets
Latest net assets as of December 2025: Rp859.24 Billion IDR
Based on the latest financial reports, Gowa Makassar Tourism Develop (GMTD) has net assets worth Rp859.24 Billion IDR as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rp1.40 Trillion) and total liabilities (Rp545.29 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rp859.24 Billion |
| % of Total Assets | 61.18% |
| Annual Growth Rate | 13.59% |
| 5-Year Change | 54.24% |
| 10-Year Change | 34.52% |
| Growth Volatility | 23.71 |
Gowa Makassar Tourism Develop - Net Assets Trend (2007–2025)
This chart illustrates how Gowa Makassar Tourism Develop's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Gowa Makassar Tourism Develop (2007–2025)
The table below shows the annual net assets of Gowa Makassar Tourism Develop from 2007 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | Rp859.24 Billion | +3.41% |
| 2024-12-31 | Rp830.89 Billion | +19.33% |
| 2023-12-31 | Rp696.28 Billion | +22.92% |
| 2022-12-31 | Rp566.44 Billion | +1.68% |
| 2021-12-31 | Rp557.07 Billion | -4.76% |
| 2020-12-31 | Rp584.94 Billion | -15.25% |
| 2019-12-31 | Rp690.17 Billion | -9.67% |
| 2018-12-31 | Rp764.07 Billion | +8.56% |
| 2017-12-31 | Rp703.84 Billion | +10.19% |
| 2016-12-31 | Rp638.76 Billion | +15.25% |
| 2015-12-31 | Rp554.26 Billion | -16.82% |
| 2014-12-31 | Rp666.35 Billion | +65.17% |
| 2013-12-31 | Rp403.42 Billion | +72.44% |
| 2012-12-31 | Rp233.96 Billion | +34.89% |
| 2011-12-31 | Rp173.44 Billion | +35.27% |
| 2010-12-31 | Rp128.21 Billion | +22.69% |
| 2009-12-31 | Rp104.50 Billion | +12.56% |
| 2008-12-31 | Rp92.84 Billion | +7.15% |
| 2007-12-31 | Rp86.65 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Gowa Makassar Tourism Develop's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 2137.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Rp802.85 Billion | 93.44% |
| Common Stock | Rp50.77 Billion | 5.91% |
| Other Comprehensive Income | Rp25.00 Million | 0.00% |
| Other Components | Rp5.60 Billion | 0.65% |
| Total Equity | Rp859.24 Billion | 100.00% |
Gowa Makassar Tourism Develop Competitors by Market Cap
The table below lists competitors of Gowa Makassar Tourism Develop ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Arovella Therapeutics Ltd
AU:ALA
|
$39.76 Million |
|
Aker Horizons ASA
PINK:AKHOF
|
$39.77 Million |
|
Rectron Ltd
TW:2302
|
$39.77 Million |
|
Metagenomi, Inc. Common Stock
NASDAQ:MGX
|
$39.79 Million |
|
Investment and Trading of Real Estate JSC
VN:ITC
|
$39.74 Million |
|
Mulpha International Bhd
KLSE:3905
|
$39.74 Million |
|
GreenMobility A/S
CO:GREENM
|
$39.74 Million |
|
Nasmed Ozel Saglik Hizmetleri Ticaret AS
IS:EGEPO
|
$39.73 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Gowa Makassar Tourism Develop's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 830,889,634,000 to 859,244,230,000, a change of 28,354,596,000 (3.4%).
- Net income of 32,175,259,000 contributed positively to equity growth.
- Dividend payments of 3,858,444,000 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rp32.18 Billion | +3.74% |
| Dividends Paid | Rp3.86 Billion | -0.45% |
| Other Changes | Rp37.78 Million | +0.0% |
| Total Change | Rp- | 3.41% |
Book Value vs Market Value Analysis
This analysis compares Gowa Makassar Tourism Develop's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.81x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 0.67x to 1.81x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-12-31 | Rp2304.12 | Rp1535.00 | x |
| 2013-12-31 | Rp316.21 | Rp1535.00 | x |
| 2014-12-31 | Rp4327.80 | Rp1535.00 | x |
| 2015-12-31 | Rp5458.62 | Rp1535.00 | x |
| 2016-12-31 | Rp6290.84 | Rp1535.00 | x |
| 2017-12-31 | Rp6931.76 | Rp1535.00 | x |
| 2018-12-31 | Rp7524.98 | Rp1535.00 | x |
| 2019-12-31 | Rp6797.15 | Rp1535.00 | x |
| 2020-12-31 | Rp5760.79 | Rp1535.00 | x |
| 2021-12-31 | Rp548.63 | Rp1535.00 | x |
| 2022-12-31 | Rp5578.57 | Rp1535.00 | x |
| 2023-12-31 | Rp6857.38 | Rp1535.00 | x |
| 2024-12-31 | Rp818.30 | Rp1535.00 | x |
| 2025-12-31 | Rp846.23 | Rp1535.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Gowa Makassar Tourism Develop utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 3.74%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 11.15%
- • Asset Turnover: 0.21x
- • Equity Multiplier: 1.63x
- Recent ROE (3.74%) is below the historical average (11.80%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | 9.07% | 13.06% | 0.22x | 3.21x | Rp-807.82 Million |
| 2008 | 8.64% | 13.32% | 0.21x | 3.09x | Rp-1.26 Billion |
| 2009 | 12.90% | 20.85% | 0.21x | 2.92x | Rp3.04 Billion |
| 2010 | 21.50% | 22.71% | 0.34x | 2.80x | Rp14.75 Billion |
| 2011 | 28.30% | 25.19% | 0.40x | 2.81x | Rp31.74 Billion |
| 2012 | 27.52% | 26.83% | 0.27x | 3.85x | Rp40.98 Billion |
| 2013 | 28.68% | 30.57% | 0.23x | 4.08x | Rp59.94 Billion |
| 2014 | 27.70% | 38.45% | 0.21x | 3.47x | Rp77.79 Billion |
| 2015 | 21.45% | 39.19% | 0.24x | 2.30x | Rp63.47 Billion |
| 2016 | 13.61% | 31.46% | 0.22x | 1.92x | Rp23.04 Billion |
| 2017 | 9.69% | 29.99% | 0.18x | 1.77x | Rp-2.15 Billion |
| 2018 | 8.04% | 25.07% | 0.20x | 1.64x | Rp-14.96 Billion |
| 2019 | -10.16% | -34.12% | 0.19x | 1.60x | Rp-139.13 Billion |
| 2020 | -18.11% | -63.22% | 0.17x | 1.69x | Rp-164.44 Billion |
| 2021 | -4.91% | -19.72% | 0.13x | 1.93x | Rp-83.08 Billion |
| 2022 | 1.59% | 2.85% | 0.27x | 2.05x | Rp-47.65 Billion |
| 2023 | 18.53% | 30.72% | 0.35x | 1.73x | Rp59.39 Billion |
| 2024 | 16.47% | 34.25% | 0.31x | 1.56x | Rp53.77 Billion |
| 2025 | 3.74% | 11.15% | 0.21x | 1.63x | Rp-53.75 Billion |
Industry Comparison
This section compares Gowa Makassar Tourism Develop's net assets metrics with peer companies in the Real Estate - Development industry.
Industry Context
- Industry: Real Estate - Development
- Average net assets among peers: $1,998,725,518,942
- Average return on equity (ROE) among peers: 4.59%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Gowa Makassar Tourism Develop (GMTD) | Rp859.24 Billion | 9.07% | 0.63x | $39.76 Million |
| Adhi Commuter Properti Tbk PT (ADCP) | $2.57 Trillion | 4.51% | 1.58x | $6.68 Million |
| Makmur Berkah Amanda Pt (AMAN) | $709.54 Billion | 7.78% | 0.53x | $8.15 Million |
| Agung Podomoro Land Tbk (APLN) | $6.35 Trillion | 12.79% | 1.39x | $21.65 Million |
| Alam Sutera Realty Tbk (ASRI) | $2.79 Trillion | 21.63% | 1.16x | $78.83 Million |
| Bekasi Asri Pemula Tbk (BAPA) | $128.84 Billion | -2.88% | 0.05x | $1.06 Million |
| Bhakti Agung Propertindo (BAPI) | $428.73 Billion | -0.57% | 0.46x | $2.99 Million |
| Bumi Citra Permai Tbk (BCIP) | $73.69 Billion | 2.96% | 0.68x | $3.82 Million |
| Binakarya Jaya Abadi Tbk PT (BIKA) | $695.65 Billion | -3.52% | 2.41x | $556.90K |
| Sentul City Tbk (BKSL) | $4.59 Trillion | 2.95% | 0.15x | $112.63 Million |
| Wulandari Bangun Laksana (BSBK) | $1.65 Trillion | 0.24% | 0.53x | $13.48 Million |